In-Depth Insights into the Mineral Supplements Market: Growth, Trends, and Opportunities for 2025-2034
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How has the mineral supplements market size evolved in recent years?
In recent times, the mineral supplements market has seen significant expansion. The market size, which stands at $16.58 billion in 2024, is predicted to increase to $17.93 billion in 2025, representing a compound annual growth rate (CAGR) of 8.1%. The previously observed growth in this sector has been fueled by a heightened understanding of health and wellness, a rising number of mineral deficiency cases, an aging demographic, a surge in attention towards preventive healthcare, and evolving dietary practices and lifestyles.
What are the predictions for the mineral supplements market size in the coming years?
The market for mineral supplements is predicted to expand significantly over the next few years, rising to a value of $24.15 billion in 2029, with a compound annual growth rate of 7.7%. This projected growth during the forecast period is driven by factors such as emerging personalized nutrition trends, growing demand for organic and natural products among consumers, higher disposable incomes in developing markets, clear labeling as well as traceability of products, and increased consumer interest toward sustainable and ethically sourced products. The forecast period is forecasted to witness several trends such as the popularity of plant-based mineral supplements, the introduction of mineral formulations specifically designed for certain demographic groups, the utilization of innovative ways of delivery such as gummies and dissolvable tablets along with personalized mineral supplement solutions to cater for individual requirements, and a rising emphasis on ingredients backed by scientific evidence and research.
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What key factors are fueling the growth of the mineral supplements market?
The mineral supplement market is anticipated to be propelled by a rise in sports and fitness activities. These activities, which aim to enhance health, physical status, and sporting performance, are seeing an uptick due to increased awareness of their health benefits, the availability of healthy facilities, and a societal focus on well-being. Mineral supplements serve as an addition to a balanced diet, meeting the heightened mineral requirements of athletes and fitness hobbyists partaking in prolonged or intense physical activities. As per the Sports and Fitness Industry Association (SFIA), a non-profit organization based in the US, reported that in February 2023, 236.9 million Americans, or 77.6% of the population, engaged in at least one sports activity in the 2022 calendar year. This marked a 1.9% increase from 2021. Furthermore, the game of Pickleball has observed a significant surge in interest, making it the quickest growing sport in the nation. The participation almost doubled in 2022, marking an annual growth of 85.7% and an incredible three-year increase of 158.6%. Consequently, the surge in sports and fitness activities is providing a significant boost to the mineral supplements market.
How is the global mineral supplements market divided into key segments?
The mineral supplements market covered in this report is segmented –
1) By Product: Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium, Other Products
2) By Formulation: Capsule, Tablet, Powder, Liquid Or Gel, Other Formulations
3) By Sales Channel: Pharmacies And Drug Stores, Supermarkets And Hypermarkets, Online Channels
4) By Application: General Health, Bone And Joint Health, Gastrointestinal Health, Immunity, Other Applications
5) By End Use: Adults, Geriatric, Pregnant Women, Children, Infants
Subsegments:
1) By Calcium: Calcium Carbonate, Calcium Citrate, Calcium Gluconate, Calcium Lactate
2) By Magnesium: Magnesium Citrate, Magnesium Oxide, Magnesium Glycinate, Magnesium Sulfate
3) By Iron: Ferrous Sulfate, Ferrous Fumarate, Ferrous Gluconate, Iron Polysaccharide Complex
4) By Potassium: Potassium Chloride, Potassium Citrate, Potassium Gluconate
5) By Zinc: Zinc Gluconate, Zinc Sulfate, Zinc Picolinate, Zinc Acetate
6) By Chromium: Chromium Picolinate, Chromium Chloride, Chromium Nicotinate
7) By Selenium: Selenium Methionine, Sodium Selenite, Selenomethionine
8) By Other Products: Manganese Supplements, Copper Supplements, Iodine Supplements, Phosphorus Supplements
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Who are the key firms paving the way for growth in the mineral supplements market?
Major companies operating in the mineral supplements market are Cargill Incorporated, Nestlé S.A., Archer Daniels Midland Company, Pfizer Inc., BASF SE, Bayer AG, Sanofi SA, Abbott Laboratories, GlaxoSmithKline PLC, Otsuka Holdings Co. Ltd., DSM (Koninklijke DSM NV), Amway Corp., Glanbia plc., Orkla, Herbalife International of America Inc., GNC Holdings Inc., Kirkland Signature, Nature’s Way Products LLC, Atrium Innovations Inc., Omega Protein Corporation, NOW Health Group Inc., Ricola, Himalaya Wellness Company, Blackmores Limited, Vitabiotics Ltd., MegaFood, Bio Botanica Inc., Pharmavite LLC
What emerging trends are influencing the growth of the mineral supplements market?
Businesses in the mineral supplements industry are striving to develop innovative oral nutrition supplements (ONS) to align with the changing needs and preferences of consumers. Oral liquid supplements are dietary products devised to furnish additional nutrients, energy and calories to individuals who might struggle with achieving their nutritional needs. As an illustration, in May 2023, Arla Foods Ingredients, a supplier for infant nutrition, medical uses, and sports nutrition from Denmark, launched juice-style ONS, a novel solution for enhancing protein content in medical nutrition. Arla Foods Ingredients’ juice-style ONS beverages uniquely provide 7% added protein without compromising the taste or texture. They contain Lacprodan BLG-100, a completely pure beta-lactoglobulin with an outstanding nutritional profile. Moreover, the innovative solution is devoid of fat, and the use of BLG-100 results in extremely low viscosity and a stable product throughout its shelf life. It also has a less astringent taste compared to conventional ONS juice-style products and possesses a more enjoyable texture, promoting adherence to medical nutrition.
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What regions are contributing significantly to the growth of the mineral supplements market?
North America was the largest region in the mineral supplements market in 2024. The regions covered in the mineral supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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